China's Market Transformation Seeks New BalanceThe sudden shift in stance by Chinese exporters has reversed the trend in the international market. Last weekend, Zhongnong Group announced that it will no longer sign new urea export contracts, and other suppliers will also shift urea to the domestic m

Due to sluggish demand, urea prices in most regions have fallen this week, partly due to seasonal issues. Another part of the reason is that people believe that prices may further decline.Large particle urea, with a bulk price of CFR350 USD/ton this week, is far lower than the level in other regions

Differentiation of Urea Market between East and West This week, the urea market experienced differentiation, with most markets east of Suez being stable or even stronger, while the western market was relatively weak. The price of large granular urea in Brazil fell by $30 per ton this week, as trader

Most urea prices have fallen again this week, with the main progress being China's commitment to a large supply of urea to India.IPL India has confirmed the purchase of 1.759 million tons of urea, of which over 1 million tons will be shipped from Chinese ports, which far exceeds expectations and exa

Due to traders turning to short selling and slowing demand from importers, prices have fallen this week.The urea bidding in India is the main event of this week, with the lowest prices being $396 per ton for East Coast CFR396 and $399 per ton for West Coast CFR399, which are $15-20 per ton lower tha